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About the N26 IBAN

This article provides you with insights about the N26 IBAN and the acceptance of your IBAN.

Applicable to:

  • All Regions

About IBAN

IBAN, the official abbreviation for International Bank Account Number, is a unique identifier of your bank account. It includes information about your bank, the country it is based in and about your account itself. Member states of the so called SEPA (single euro payment area) agreed on this system in order to simplify national as well as international payments and to facilitate the communication and processing of transactions with a reduced risk of errors.

Your N26 IBAN

When you open an N26 bank account, your funds will be deposited at the German Bundesbank and covered by the German Deposit Protection Scheme. European law obliges member states to install a national deposit guarantee scheme that ensures a statutory protection of up to 100.000 € per person and bank in order to protect your assets in the unlikely event that a bank is confronted with economic difficulties.

At N26 you’ll receive a German IBAN which consists of: The country code (DE) - the check sum (two digits) - the bank code (8 digits) - your account number (10 digits) which looks like this: DE XX 10011001 26XXXXXXXX

Acceptance of your IBAN

As of February 2016, your IBAN has to be accepted in all SEPA countries according to EU law. However, we have learned that some merchants or employers do not accept IBANs from other member countries, for example to install a direct debit or transfer salary.

Merchants and employers who are not yet accepting all IBANs usually don’t do this because they have bad intentions. They might simply be uninformed or technically unable to accept IBANs of different formats through their outdated user interfaces. Not accepting IBANs from other EEA member countries is actually a violation of European law (Art. 9 of Regulation No 260/2012). Regardless of whether your IBAN starts with DE, FR, ES, IT, or any other country code, so-called “IBAN discrimination” is forbidden.

Should you ever face a case of IBAN discrimination, we encourage you to directly contact your competent national authority.

We recommend to always provide the following information in your report:

  • Your full name
  • Contact information (e-mail, phone number or address)
  • Name of the merchant/employer who did not accept your IBAN
  • Short description of the issue (where did the discrimination occur,
  • Screenshots of how your IBAN was rejected (e.g. the interface)
  • Documentation of your communication with the merchant and independent third parties (f.ex. Ombudsman or arbitrator)

Please also submit a copy of your report through the contact form you can find below and we will do our best to support you.

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